BUS 475 Final Exam - SET 5 / 100% correct answers / A+ Essay

2. In this stage of operational effectiveness, organizations use core capabilities residing in the operations area to obtain a sustainable competitive advantage.

In a perfect market, the price of a good or service reveals information about both the buyer and the seller. The buyer would never buy anything that costs more than it is worth to him or her, so the price reveals the value to the buyer. The seller would never sell anything for less than its cost of production, so the price reveals the value and cost of the good or service to the seller.

Hypothetically, the ideal price that results in producer and consumer attaining the greatest level of shared benefit arises at the price where the supply and demand lines intersect. Deviations from this fact results in a

The theme of Bus 475 Capstone Part 1 is to enable students to learn about the ways of

1. Compared with other approaches to business, the marketing concept is distinct in that it

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5.(Market Structures) Determine whether each of the following is a characteristic of perfect competition, monopolistic competition, oligopoly, and/or monopoly:

19. _______ is a situation in which one country is more efficient at producing a product than any other

A country needs to export more than import in order to maintain a good working economy. Wealth and power equal more export than import in a country’s trading system

Quaterra Alaska is an investor project, they riley on investors to buy into the market for all new funding a as of February 2013 the following stock options are available; “NYSE-MKT: QMM | TSX-V: QTA, Shares Outstanding 163 million, Fully Diluted 183.5 million, Recent Share Price US$0.26 / CDN$0.26, Market Cap US$40.7m /

Name two different market structures. Describe how and why they each have a different competitive situation.

There are four types of market structures: Monopolistic Competition, Monopoly, Oligopoly, and Perfect Competition. Monopolistic Competition is also known as competitive market. In this market structure, there are a large number of firms that produce similar but somewhat differentiated products for the same target customers. The market share is also divided among large number of firms making it difficult for one firm to become the market leader. On the other hand, Monopoly is a type of market structure in which only one firm controls the whole industry. There are strict barriers to entry for new firms due to governmental restrictions or the monopolistic power of the firm itself. In Oligopoly, the whole industry is dominated by a few large scale firms that set prices, introduce innovative products, and use heavy campaigns to attract buyers. All other small scale firms follow the changing market patterns set by these oligopolistic firms. Lastly, perfect competition is a market structure in which there are a larger number of firms that produce similar as well as differentiated products for

The organization and characteristics of a specific market where a company operates is referred to as market structure. While markets can basically be classified by their degree of competitiveness and pricing, there are four types of markets i.e. perfect competition, monopolistic competition, monopoly, and oligopoly. In perfect competition markets, many firms are price takers whereas monopolistic competition markets are characterized by the ability of some firms to have market power. In contrast, oligopoly markets are those in which few firms can be price makers while monopoly market is where one firm can be a price maker.

The revenue is $600,600*1.2= $720,720. The variable cost changes as sales increases and fixed cost stays the same, the gross profit is $175,500. After tax, the net income is $100,557.

Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation